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"Just wanted to thank you for the prompt attention and courteous service when your firm recently worked on our nursing home. The building looks so very nice and so very much better than it did before. You did a 'Great Job'."
Rosemary D.
The Plum Grove |
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Average Remodeling Cost and ROI
Just seven years ago, owners recouped only 22 percent of the cost of replacing drafty old windows with airtight, energy-efficient windows. Today the return is 112%!
Cost vs. ROI |
| JOB |
Cost |
Cost Recouped |
National Average |
| Bathroom Addition |
$18,129 |
114% |
94% |
| Two-Story Addition |
$81,448 |
111% |
94% |
| Bathroom Remodeling |
$11,029 |
109% |
88% |
| Basement Remodeling |
$49,071 |
93% |
79% |
| Family Room Addition |
$60,715 |
99% |
79% |
| Siding Replacement |
$8,141 |
103% |
79% |
| Master Suite Addition |
$82,241 |
83% |
75% |
| Window Replacement |
$10,690 |
112% |
74% |
| Major Kitchen Remodeling |
$47,348 |
86% |
67% |
| Roof Replacement |
$15,435 |
77% |
67% |
SOURCE: Chicago Magazine October, 2003 Cost vs. Value Report
PERCENTAGE OF COST RECOVERED |
|
National averages |
Variance |
| 2003 |
2002 |
2002-2003 |
| Deck Addition |
104.2% |
* |
* |
| Siding Replacement |
98.1% |
79.1% |
19.0% |
| Bathroom Addition, Mid-Range |
95.0% |
94.2% |
0.8% |
| Attic Bedroom |
92.8% |
* |
* |
| Bathroom Remodel, Upscale |
92.6% |
91.0% |
1.6% |
| Bathroom Remodel, Mid-Range |
89.3% |
87.5% |
1.8% |
| Window Replacement, Upscale |
87.0% |
77.0% |
10.0% |
| Window Replacement, Mid-Range |
84.8% |
73.8% |
11.0% |
| Bathroom Addition, Upscale |
84.3% |
81.4% |
2.9% |
| Family Room Addition |
80.6% |
79.5% |
1.1% |
| Major Kitchen Remodel, Upscale |
79.6% |
79.8% |
-0.2% |
| Basement Remodel |
79.3% |
78.7% |
0.6% |
| Master Suite, Upscale |
76.9% |
76.8% |
0.1% |
| Master Suite, Mid-Range |
76.4% |
75.1% |
1.3% |
| Major Kitchen Remodel, Mid-Range |
74.9% |
66.6% |
8.3% |
| *Not included in the 2002 Report |
SOURCE: Remodeling Magazine 2004 Cost vs. Value Report
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Professional Home Improvements, Inc. 115 S Wilke Road, Suite 206F Arlington Heights, IL 60005 Phone: 847-253-9500 |
Professional Home Improvements, Inc. 13 East Garden Avenue Palatine, IL 60067 Phone: 847-358-8300 |
www.ProfessionalSiding.com Home Improvements for Chicago's North Shore and its Northern and Northwest Suburbs
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